Enterprise plans new US Gulf LPG export terminal

Upon completion of the new terminal, and the recently-announced expansion of Enterprise's existing terminal on the Houston Ship Channel, Enterprise will have aggregate capacity to load approximately 15 million to 16 million bbl/month of low-ethane propane and/or butane at its LPG marine terminals.

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Enterprise Products plans to construct a new
liquefied petroleum gas (LPG) export terminal on the US Gulf
Coast, the company announced on Wednesday.

The facility will have the capability of handling up to VLGC
(very large gas carriers) class ships. The initial loading rate
for export grade propane or butane service is expected to be
approximately 11,000 bbl/hour, which would equate to
approximately 6 million to 6.5 million bbl/month.

Following the completion of the site evaluation at potential
locations in Louisiana and Texas, this new LPG marine terminal
is expected to be in service in the fourth quarter of
2015.

Upon completion of the new terminal, and the recently-announced
expansion of Enterprise's existing
terminal on the Houston Ship Channel, Enterprise will have
aggregate capacity to load approximately 15 million to 16
million bbl/month of low-ethane propane and/or butane at its
LPG marine terminals.

With the development of this second export marine terminal,
Enterprise says it will be able to offer customers unparalleled
operational flexibility and reliability.

Each of these terminals will have separate, dedicated pipelines
that supply LPG from the partnerships large fractionation
and storage complex in Mont Belvieu, Texas. This complex
includes over 100 million bbl of salt dome storage
capacity and, with the completion of the eighth fractionator in
the fourth quarter of 2013, more than 650,000 bpd of NGL
fractionation capacity.

We are pleased to announce the development of our
second LPG export marine terminal on the US Gulf Coast,
said Michael A. Creel, CEO of Enterprises general
partner. The development of the new terminal was driven
by continued demand from our international customers for
additional supply of propane and butane.

"These facilities are supported by over 25
customers and associated long-term contracts, some of which
extend into 2024," Creel continued. "Just as with our
other LPG export projects, we expect that the
terminal will be operating at or near its capacity upon
startup. In addition to the strong demand for our LPG export
services, we are also seeing interest in ethane exports.

"This new LPG marine terminal is designed with the flexibility
and footprint to expeditiously add the necessary facilities to provide ethane export
services as this market develops. Our Mont Beliveu complex and
ATEX and Aegis ethane pipelines would complement the addition
of ethane export capabilities at this new site.

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